DSP Mutual Fund

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Mutual Fund

DSP Mutual Fund is a leading Asset Management Company (AMC) founded in 1860. It provides an extensive selection of mutual fund schemes in the equities, debt, and hybrid categories in addition to exchange-traded funds, close-ended funds, and international fund of funds. A fully autonomous Indian asset management company, DSP Asset Managers offers a broad selection of actively and passively managed funds that span the risk-reward spectrum.

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Updated: 29-05-2024 10:13:29 AM

Types of DSP Mutual Funds

The funds offered by DSP Mutual Fund can be divided into 4 broad categories namely Equity schemes, Hybrid schemes, Debt schemes, and International Fund of Funds scheme (FoFs).

While the equity category and debt category has 12 types of schemes each, the hybrid category has 3 and the Fund of Funds category has 6 types of schemes. These wide categories of funds include different types of schemes having their specific investment objectives, capitalisation strategies, and risk-taking capacities.

The various kinds of schemes offered by DSP under these broad categories are as follows:

  • Equity/Growth Funds
  • Debt/Income Funds
  • Liquid Funds
  • Liquid ETF
  • Asset Allocation Funds
  • Index Linked Equity Scheme
  • Equity Linked Saving Scheme
  • Income Scheme
  • Income (Debt) Scheme
  • Income (Liquid) Scheme
  • Aggressive Hybrid Scheme
  • Fund of Funds Scheme

Equity Funds offered by DSP

Equity funds predominantly focuses on stocks and this is why they are known as stock funds as well. DSP Mutual Fund offers 12 different kinds of equity funds with varied investment goals and risk-taking capacities.

Following are the equity/growth funds offered by DSP Asset Management Company:

Fund Name Annualised Returns Risk Factor
DSP Nifty Midcap 150 Quality 50 Index Fund 34.65% Very High Risk
DSP Healthcare Fund 53.66% Very High Risk
DSP India T.I.G.E.R. Fund 70.58% Very High Risk
DSP Nifty Next 50 Index Fund 65.03% Very High Risk
DSP Nifty 50 Equal Weight Index Fund 42.49% Very High Risk
DSP Value Fund 36.98% Very High Risk
DSP Small Cap Fund 48.77% Very High Risk
DSP ELSS Tax Saver Fund 43.57% Very High Risk
DSP Natural Resources And New Energy Fund 50.63% Very High Risk
DSP Equity Opportunities Fund 46.31% Very High Risk
DSP Nifty 50 Index Fund 29.31% Very High Risk
DSP Flexi Cap Fund 37.92% Very High Risk
DSP Mid Cap Fund 45.29% Very High Risk
DSP Top 100 Equity Fund 38.19% Very High Risk
DSP Focus Fund 41.67% Very High Risk
DSP Quant Fund 26.19% Very High Risk
DSP Nifty Smallcap250 Quality 50 Index Fund Very High Risk
DSP Arbitrage Fund 7.63% Low Risk
DSP Multicap Fund Very High Risk
DSP Banking & Financial Services Fund Very High Risk

Debt schemes offered by DSP

Debt funds capitalise mainly on debt instruments such as government securities, bonds, and other types of instruments. These schemes typically come with a low risk factor and are mostly opted by investors having low risk appetite.

DSP Mutual Fund Company provides 17 different types of debt schemes to the investors which are enlisted below:

Fund Name Annualised Returns Risk Factor
DSP CRISIL SDL Plus G-Sec Apr 2033 50:50 Index Fund 7.78% Moderate Risk
DSP Gilt Fund 8.02% Moderate Risk
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund 6.92% Moderate Risk
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund 6.84% Moderate Risk
DSP Banking & PSU Debt Fund 7.3% Moderate Risk
DSP Strategic Bond Fund 8.94% Moderate Risk
DSP Low Duration Fund 7.05% Low to Moderate Risk
DSP Corporate Bond Fund 6.74% Moderate Risk
DSP Short Term Fund 6.65% Moderate Risk
DSP Savings Fund 7.3% Moderate Risk
DSP 10Y G-Sec Fund 7.24% Moderate Risk
DSP Credit Risk Fund 15.25% Moderately High Risk
DSP Liquidity Fund 7.2% Moderate Risk
DSP Floater Fund 8.4% Moderate Risk
DSP Bond Fund 7.11% Moderate Risk
DSP Ultra Short Fund 6.87% Low to Moderate Risk
DSP Overnight Fund 6.72% Low Risk

Fund of Fund schemes offered by DSP

Fund of fund schemes are the ones which invest in other mutual funds to generate current income as well as long-term capital growth for the investors. The returns of these type of mutual fund schemes depend on the performance of the target fund.

DSP Mutual Fund company offers 9 different types of fund of fund schemes to the investors. Here is the list of the schemes along with all vital details:

Fund Name Annualised Returns Risk Factor
DSP Global Innovation Fund of Fund 40.69% Very High Risk
DSP Gold ETF Fund of Fund High Risk
DSP US Flexible Equity Fund 23.28% Very High Risk
DSP World Mining Fund 2.54% Very High Risk
DSP Global Allocation Fund of Fund 12.98% Very High Risk
DSP World Gold Fund of Fund 2.15% Very High Risk
DSP World Energy Fund 2.05% Very High Risk
DSP World Agriculture Fund 8.99% Very High Risk
DSP US Treasury Fund of Fund Very High Risk

Hybrid schemes offered by DSP

Hybrid funds are investment funds which invest in diversified portfolios consisting of two or more asset classes. The main focus of such funds is to capitalise on a diverse mix of bonds and stocks for optimum wealth generation.

Based on their investment nature, these funds are also termed as asset allocation funds. DSP has 5 different types of Hybrid fund schemes in store which are as follows:

Fund Name Annualised Returns Risk Factor
DSP Multi Asset Allocation Fund Very High Risk
DSP Equity & Bond Fund 29.45% Very High Risk
DSP Dynamic Asset Allocation Fund 20.78% Moderately High Risk
DSP Equity Savings Fund 15.75% Moderately High Risk
DSP Regular Savings Fund 14.27% Moderately High Risk

Eligibility criteria

Persons/entities who are eligible to invest in the DSP mutual fund units, or to apply for subscription to the DSP mutual fund schemes are as follows:

  • Adult individuals who are the domiciles of India (should not exceed three).
  • Minors through their parents or legal guardians (parents/guardians need to apply on behalf of the minors).
  • Association of individuals/bodies of persons both corporated and incorporated, Public Sector Undertakings, Bodies Corporate, companies, and societies that are authorised under the Societies Registration Act, 1860 (as long as the respective constitutions allow the purchase of units).
  • Religious, charitable, and private trusts that come under provision 11(5) of the Income Tax Act, 1961 read with 17C of the Income Tax Rules, 1962 (conditional on receipt of the obligatory approvals as ‘Public Securities’ as per requirement).
  • Trustee of private trusts who is permitted to contribute in mutual fund schemes as per the Trust Deed.
  • Partnership Firms in India.
  • Banks (Regional Rural Banks and Co-operative Banks as well) and other Financial Organisations.
  • Karta of Hindu Undivided Family (HUF).
  • Non-Resident Indians (NRIs)/Persons of Indian Origin (PIO) living in foreign countries on complete repatriation or non-repatriation (conditional on approval of the Reserve Bank of India (RBI)).
  • Foreign Portfolio Investors (FPIs) as determined in Regulation 2(1)(h) of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.
  • Air Force, Navy, Army, and all other paramilitary funds.
  • Industrial and Scientific Research Organisations.
  • The Government of India approved International Multilateral Agencies.
  • Non-Government Pension/Provident/Gratuity funds as and when they are allowed to be invested.
  • Other entities having the permission from their respective constitutions to capitalise in the mutual fund schemes.
  • Alternate Mutual Fund schemes based on the prescribed conditions and limits under the SEBI (MF) Regulations and/or by the AMC/Trustee/Sponsors (no fees shall be levied on such investments by the AMC).
  • The Asset Management Company (AMC). It shall not levy any fees on such investments.

Documents Required

An investor needs to submit documents at two different stages while subscribing to any DSP mutual fund scheme. Firstly, he/she has to provide documents that are mandated to complete the KYC process and next after the successful completion of KYC, he/she needs to apply for subscription by submitting the filled-up application form of DSP along with the mandatory documents. Your PAN Card and KYC documents are the two most important documents that you need to invest in any of your desired schemes with this company.

Here is the list of documents that an investor needs to submit for making an investment in the DSP mutual fund schemes:

For adult investors

While investing in the DSP mutual fund, an adult investor needs to provide all the basic information about his/her identity. The process is called Know Your Customer (KYC) through which the company obtains all the vital information and identity proof of the investors. KYC updation is mandatory for every investor who is interested to invest in DSP Mutual fund. Though this a one-time process which you have to conduct while subscribing to the desire mutual fund scheme, you need to update your KYC details once again in case there is any change in your contact number, address, or any other information.

Documents required to update KYC

The KYC process has two different components – verifying the identity of the investor and establishing the location of the investor. To accomplish both of these purposes you have to submit the following documents:

  • Properly filled-up KYC form along with one latest colour photograph (stamp size: 3.5 cm x 2.5 cm). The form can be downloaded from the link provided on DSP official website
  • Address proof: Passport/Voter’s ID/Driving License/Aadhaar card (copy of any one of these)
  • Identity or residence proof: Passport/Voter’s ID/Driving License/Aadhaar card/Ration Card/Electricity bill/Telephone bill/Gas bill/Bank Passbook/Bank account statement/Insurance copy/Flat maintenance bill/Registered sale/Lease agreement of residence (copy of any one of these)
  • A copy of PAN Card

After completing the KYC process you need to download the application form, fill it up, and attach all mandated documents. Next, you can either send it directly to the nearest DSP Mutual Fund branch or Service Centre, or upload it online in the official website of the company.

For investing on Behalf of Minor

In case you are declaring investment on behalf of a minor you have to apply with the company through a Third Party Declaration Form. Along with the form, all the original documents of the minor like birth certificate, school leaving certificate, passport (if any), mark sheets of Secondary and Higher-Secondary exams, and any other suitable proof need to be attached. If you are a legal guardian, then suitable supporting documents must be provided at the time of application.

The investors can contribute in the DSP Mutual Fund schemes directly through various modes offered by the fund for direct investment.

How to invest

Persons/entities need to be compliant with Know Your Customer (KYC) norms in order to invest in the schemes of DSP Mutual Fund. However, DSP company allows investors who don’t have KYC to complete their KYC updation process right before or after the investment. Investors who are interested to invest in the various mutual fund schemes of DSP can use any of the mentioned modes to contribute:

Investors who have done their KYC

Investors who have done their KYC can invest in the schemes online in less than two minutes without any further documentation. Investors who have done their KYC can instantly create their account using their PAN and date of birth. Since there is no need to fill any form or generate PIN number, an investor can start investing immediately after creating their account. Alternately, to register with the company they can also verify their folio or bank account number. The folios will get automapped to the account of the investor. There is no need to remember the password of your account as you can use your PAN & log in with the OTP sent to your email or mobile.

Investors who haven’t done their KYC

  • With the help of a professional financial advisor or distributor.
  • Investors can also send their filled up application form containing all required details to the nearest branch or point of sales (PoS) of DSP Mutual Fund.
  • Investors can also invest in the DSP mutual fund schemes through call or SMS once they have signed up through a one-time-mandate (OTM). The OTM form can be downloaded from the official site of the company.

People who haven’t updated their KYC are not eligible to make an online investment in the DSP Mutual Fund schemes. They need to update their KYC first by downloading the KYC Form from the official website and then send the properly filled-up form to the nearest DSP Mutual Fund branch.

The process of KYC updation

In order to take advantage of the online investment opportunity provided by DSP as well as to avoid other investment hassles, it is advisable to complete the KYC process first. You need to follow the below-mentioned steps to update the KYC information or submit your missing information in your KYC application:

  • Download the form from the link provided on the official website for KYC update and KYC verification.
  • Fill the form with all the required information. Ensure to provide the correct details in the form to avoid rejection.
  • Duly sign the form before submitting.
  • Attach all the required proofs or all the vital documents along with the form.
  • Next, you have to complete the in-person-verification process. Carry all the original documents along with you while visiting the nearest service center for successful completion of the verification process.

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You can submit the application form at any of the addresses or the Official Points of Acceptance of Transactions that are provided on the official website of DSP Mutual Fund.

You need to provide your personal details, PAN details, details about your relationship with the minor, his/her date of birth, and other KYC supporting documents.

You will receive the dividend warrants from your investment within 30 days of the dividend declaration date.

You can apply for the redemption of your fund units on the pre-printed transaction slip or common transaction form, or by making use of the form provided at the bottom of the account statement.

Yes, considering the special financial needs and challenges faced by the women investors, DSP has dedicated complimentary financial counselling sessions for women.

While the Indian callers need to dial 1800-200-4499, the international callers have to dial +91 44 30915400 to reach the cordial executives through the phone. Alternately, to contact the support team through mail drop a mail at [email protected].